2021 was a monumental year for the Pakistani startup ecosystem. A large number of startups raised multiple rounds in the year including the likes of Bazaar, Abhi, TAG, and many more helping the ecosystem raise 450 per cent more than 2020.Looking back a…
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Rupee Starts 2022 With Losses Against the US Dollar
Web Desk Comment Closed Industry
The Pakistani Rupee (PKR) has kicked off 2022 by reversing last week’s gains against the US Dollar (USD) in the interbank market today. It depreciated by 23 paisas against the greenback after hitting an intra-day high of Rs. 176.1 against the latter du…
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Govt to Set up National Institute of Intelligence & Security Studies at QAU
Web Desk Comment Closed Industry
The federal government has decided to establish an institute, called the National Institute of Intelligence and Security Studies (NISS), at Quaid-e-Azam University (QAU).Sources told ProPakistani that the federal cabinet on Tuesday approved the proposa…
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HBL’s Online System Goes Down For The Millionth Time
Web Desk Comment Closed Industry
Habib Bank Limited (HBL), Pakistan’s largest and most profitable bank, has once again left its customers in a lurch with either interrupted or no service at branches, ATMs, online, and related mobile banking channels.The system of HBL has yet again col…
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Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework
Web Desk Comment Closed Industry
The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as the State Bank of Pakistan (SBP) has launched its new licensing and regulatory framework. SBP will accept applications till March 31 and …
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IT Ministry Devises Strategic Framework for the Launch of 5G
Web Desk Comment Closed Industry
The Ministry of Information Technology and Telecommunications has devised strategic plans and guidelines for the launch of 5G in the country, proposing that various institutions should start working in this direction in their respective areas.The Minis…
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FBR Increases Sales Tax on Petroleum Products
Web Desk Comment Closed Industry
The Federal Board of Revenue (FBR) on Tuesday revised and increased the rates of sales tax on petroleum products.According to the FBR SRO 1(I)/2022, THE sales tax on petrol has been increased from 1.63 percent to 4.77 percent from January 1, 2022. And,…
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IT Ministry Sets $20 Billion Revenue Target by 2025 Under New Broadband Policy
Web Desk Comment Closed Industry
The Ministry of Information Technology and Telecommunication has drafted the “National Broadband Policy-2021”, targeting the contribution of digital/broadband development to the economy to the tune of $5 billion investment and $20 billion revenue by 20…
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Federal Cabinet approves holding LG elections in Islamabad through EVMs
Web Desk Comment Closed Government & Politics
The Federal Cabinet has approved provision Electronic Voting Machines to the Election Commission of Pakistan to hold Local Government elections in the Islamabad Capital Territory through EVMs.Briefing media about the decisions taken by the federal cabi…
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